FX Forecasts for MONDAY - JULY 23rd

From: Max McKegg - Technical Research Limited <max.mckegg@trl.co.nz>
Date: Jul 23, 2007 6:05 AM
Subject: My FX Forecasts for MONDAY - JULY 23rd
To: TRL <max.mckegg@trl.co.nz >

To View Forecasts in PDF Form, Click on Attachment

My FX Forecasts for MONDAY - JULY 23rd

. ** EURO/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,1.3780 - Euro's rallied nicely & Support now about 1.3700/3660
to extend Uptrend onto my next Target of 1.4550/1.4600 over coming weeks
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*** ** SUPPORTS ** *** *EURO/USD DAILY VIEW* July 23rd, 1.3835
Support /3820/3800/3785/ Euro's Uptrend developing well and whilst
** *** RESISTANCES *** ** holding Support around 1.3800,looking for
Resistance /3845/3860/3900/ advance onto low 1.3900's,enroute 1.4000.
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. ** ASIAN UPDATE ** July 23rd, 1.3835
Buying Euro (with Stop under 1.3790) for the next advance toward 1.3900+
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. ** POUND STERLING/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,2.0340 - Sterling's rallied nicely & Support is now around the
2.0200 level extending Uptrend onto 2.1000 and 2.1600 over coming weeks.
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*** ** SUPPORTS ** *** *GBP/USD DAILY VIEW* July 23rd, 2.0550
Support /0540/0525/0510/ Sterling Uptrend developing well & suport
** *** RESISTANCES *** ** now about 2.0540/2.0515 looking for rally
Resistance /0570/0585/0630/ onto the mid 2.0600's - enroute to 2.0760
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. ** ASIAN UPDATE ** July 23rd, 2.0550
Buying Sterling (Stop under 2.0500) for the next advance toward 2.0650+.
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. ** US DOLLAR/SWISS FRANC - MEDIUM TERM VIEW **
JULY 16th,1.2025 - The Dollar has sold-off nicely and Resistance is now
around the 1.2100 level to extend Downtrend to 1.1400 over coming weeks.
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*** ** SUPPORTS ** *** *USD/SWISS DAILY VIEW* July 23rd, 1.2015
Support /1990/1965/1920/ The Dollar's downtrend is developing well
** *** RESISTANCES *** ** and resistance at 1.2030/1.2050 probably
Resistance /2030/2050/2065/ now contains for next sell-off to 1.1900.
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. ** ASIAN UPDATE ** July 23rd, 1.2010
Selling Dollar around 1.2025 (Stop above 1.2060) for sell-off twd 1.1900
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. ** US DOLLAR/JAPANESE YEN - MEDIUM TERM VIEW **
JULY 23rd,121.70 - The Dollar's advance has faltered & Resistance is now
at 122.00/122.60 to yield sell-off back toward the 118.00 Support level.
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*** ** SUPPORTS ** *** *USD/YEN DAILY VIEW* July 23rd, 121.70
Support /2130/2100/2090/ Dollar probably now find Resistance about
** *** RESISTANCES *** ** the 121.85 level to yield a sell-off back
Resistance /2155/2170/2185/ toward Key 120.90,lower extending to 2040
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. ** ASIAN UPDATE ** July 23rd, 121.40
Resistance now at 121.55/1.2185 for sell-off toward the Key 120.90 level
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. ** AUSTRALIAN DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.8700 - Ozzy's rallied nicely & support now around mid .8600's
extending Uptrend toward next targets of .9000 & .9300 over coming weeks
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*** ** SUPPORTS ** *** *AUD/USD DAILY VIEW* July 23rd, .8790
Support /8790/8775/8760/ Ozzy's corrected toward .8750 as expected
** *** RESISTANCES *** ** and support now about .8790/.8775 looking
Resistance /8810/8835/8880/ for the resumption of Uptrend onto .8900+
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. ** ASIAN UPDATE ** July 23rd, .8790
Buying Ozzy (Stop under .8760) for next advance toward the .8900 level.
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. ** NEW ZEALAND DOLLAR/US DOLLAR - MEDIUM TERM VIEW **
JULY 16th,.7860 - Kiwi's rallied nicely & Support now around .7800 level
to extend Uptrend toward next targets of .8150 & .8400 over coming weeks
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*** ** SUPPORTS ** *** *NZD/USD DAILY VIEW* July 23rd, .7970
Support /7965/7950/7935/ Kiwi's Uptrend developing well & support
** *** RESISTANCES *** ** now about .7965/.7950 looking for advance
Resistance /7990/8015/8050/ onto .8050,enroute 8100+ over coming days
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. ** ASIAN UPDATE ** July 23rd, .7970
Buying Kiwi (Stop under .7935) for next advance toward the .8050 level.
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Disclaimer: Max McKegg & Technical Research Ltd accept no liability
for any loss or damage that may directly or indirectly result from
any advice, opinion, information or omission whether negligent or
otherwise, contained in this report.